Why does Senior Sister say that China Life Celebration Edition is average? Let's take a look at the following picture first:
The first is the age of the insured. This product only allows people over 18 and under 50 to become the insured. This age span is relatively narrow, because some whole life insurance products on the market also allow people under 60 to become the insured.
Secondly, let's look at the payment period. China Life Celebration Edition has only two payment years, namely 19 years and 29 years, and there are very few options.
There is still a waiting period. At present, the waiting period of many products is 90 days, and the waiting period of China Life Celebration Edition is 180 days, which means that it will take a long time for the insured to get perfect protection after signing the contract.
Finally, let's look at the extra protection. There is no extra compensation for critical illness protection. If you want to get stronger critical illness insurance protection, senior sister suggests that you look at other critical illness insurance products with higher cost performance: Versailles plus critical illness insurance has rich returns, so you must look at the in-depth evaluation before buying!
Apart from the general terms, in fact, the premium required by whole life insurance in the market is relatively high. Generally speaking, for life insurance, senior sister recommends that you buy term life insurance, which is cheap and cost-effective, and is more suitable for the general public. Whole life insurance is suitable for some people who want to avoid taxes reasonably. If there are friends here who want to know about term life insurance, you can refer to this answer from Senior Sister: What is term life insurance? Who is suitable for buying? Everything you want to know is here!
The answer to this question is so much! I hope it helps!
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